Announced Mon, 20 Jul · 16:38 IST
Sobha board approves ₹1,000 Cr NCD issue, Q1 profit up 26%
Fund Raising View source PDF
SOBHA · price
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Price reaction · full curve 14 horizons · vs prior close
-3.0%1-day move
₹1461.50
prior close
₹1540.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.5-4.0-5.0-3.0-6.1-6.3-6.7——————
Up moveDown movePending
AI summary
Sobha board approved raising up to ₹1,000 Cr via non-convertible debentures on private placement in tranches; terms not yet finalized. Q1 FY27 standalone revenue rose 37% to ₹1,257.59 Cr; net profit up 26% at ₹58.04 Cr (EPS ₹5.43 vs ₹4.29). Consolidated net profit jumped to ₹50.85 Cr from ₹13.62 Cr YoY. Shareholders approved ₹6 per share final dividend. ED case on Gurugram land parcel worth ₹201.6 Cr continues.
Likely market impact
NCD raise supports growth funding but adds leverage. Q1 shows strong revenue and profit growth, supporting positive near-term sentiment.